Rising Bitcoin Long-Term Holders Indicate Optimistic Market Trend
An increase in long-term Bitcoin holders signals confidence in future price growth as short-term holders decrease.
Rising Bitcoin Long-Term Holders Indicate Optimistic Market Trend
As the number of long-term Bitcoin holders increases, the count of short-term holders is experiencing a decline.
Key Points:
- A record 14.46 million bitcoins are held by long-term holders, indicating strong market confidence in future price movements.
- Historical patterns show that previous highs in long-term holder supply preceded significant increases in bitcoin price.
Bitcoin’s long-term holder (LTH) supply has reached a notable 14.46 million BTC, suggesting an optimistic outlook for price growth. LTHs, defined as investors holding Bitcoin (BTC) for a minimum of 155 days, are often recognized as seasoned investors who purchase strategically during market dips and sell during peaks. This peak supply illustrates that experienced investors foresee higher prices to come, a trend historically linked to significant market rallies.
From March to June, long-term holder supply saw an increase of approximately 500,000 BTC, while short-term holders sold around 350,000 BTC. Many individuals currently classified as LTH entered the market during the market excitement following a record of $109,000 during Trump’s inauguration. After undergoing a 30% correction, these LTHs are showcasing remarkable resilience.
Currently, LTHs account for about 73% of the circulating Bitcoin supply of 19.88 million BTC, highlighting their significant dominance within the market.
